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An announcement from Feiyang International Holdings Group Limited ( (HK:1901) ) is now available.
Feiyang International Holdings Group Limited has completed the subscription of new shares under a general mandate, issuing 166,400,000 new shares which account for approximately 16.7% of the enlarged share capital. The proceeds, estimated at HK$32.8 million, will be used to develop and operate the company’s Digital Asset Business and for general working capital, including marketing, promotion, and recruitment efforts. This strategic move is expected to bolster the company’s financial position and enhance its market presence.
The most recent analyst rating on (HK:1901) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Feiyang International Holdings Group Limited stock, see the HK:1901 Stock Forecast page.
More about Feiyang International Holdings Group Limited
Average Trading Volume: 6,267,383
Technical Sentiment Signal: Buy
Current Market Cap: HK$378.6M
For detailed information about 1901 stock, go to TipRanks’ Stock Analysis page.